Bethesda Penthouse Breaks Record for Condo List Price

Published in The Washington Post. Article by Michele Lerner. Renderings by ADG.

The most expensive condominium ever on the MRIS multiple-listing service has hit the market. A penthouse known as Residence 703, under construction at the Lauren in Bethesda, is listed for $10.5 million — well above the previous $6.795 million record.

The 7,300-square-foot home will sit on the top floor of Bethesda’s newest luxury condo, designed by Miami architect Robert Swerdroe and under development by 1788 Holdings and Persimmon Capital Partners. Located at 4901 Hampden Lane near Woodmont Avenue and Montgomery Lane, the Lauren will have 29 condominiums priced from $1.5 million and above. Construction is anticipated to be complete in early spring 2016.

Residence 703 will have a direct-access elevator, hardwood and natural stone flooring, a 600-foot grand salon for entertaining, a formal dining room and a spacious kitchen with professional-grade appliances. The interior, designed by Jeff Akseizer of the Akseizer Design Group, includes three bedrooms, four full baths and a half bath. Buyers will have the opportunity to work with Akseizer and Swerdroe to customize the home. A 1,500 square foot private terrace expands the home’s living space.

The Lauren’s shared amenities include a roof terrace, a wine lounge with a private wine storage unit, guest suites for rent or purchase, valet parking and concierge services.

For more information, go to www.thelaurenresidences.com.

Most Expensive Homes on the Market: A $10.5 Million Penthouse Condo in Bethesda

Published in Washingtonian. Article by Kay Wicker. Renderings by ADG.

The Lauren’s eighth-floor penthouse is poised to be a real-estate game changer. Though still under construction—it’s not slated for completion until spring of 2016—this Bethesda property just hit the market. And if it sells at (or near) its current listing price of $10.5 million, the 7,300-square-foot condo might wind up with the dubious honor of being the area’s most expensive apartment to date.

Here’s a rundown of the luxe amenities: The three-bedroom, five-bath unit features a private elevator that will open directly into the living space, a 600-square-foot grand salon, a gourmet kitchen outfitted with custom cabinetry and 48-inch hooded gas ranges, a 100-bottle wine chiller, and a spa-style master bath with natural stone detailing, an oversize soaking tub, and a rain shower. Plus there’s a private 1,500-square-foot terrace. If the place sells soon, the buyer will be able work with Miami architect Robert Swedroe and Washington interior designer Jeff Akseizer to select the condo’s custom finishes.

Beyond the spoils of this individual unit, the penthouse’s future residents will also gain access to the Lauren’s 3,000-square-foot terrace, a posh garden-level wine lounge—which includes a large-screen television, separate bar, and catering kitchen—plus valet parking and a fitness center.

Take a peek at the renderings below. Prospective buyers must reach out to listing agent David DeSantis directly; head to TTR Sotheby’s for contact details.